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KIRKWOOD R-VII board approves tax rate, accepts August 2025 financial statements
Summary
At its Sept. 22 meeting, the KIRKWOOD R-VII Board of Education approved the district's tax rate resolution and tax rate approval and accepted the August 2025 financial statements; staff reported operating and state revenue details and noted timing of local tax receipts.
The KIRKWOOD R-VII Board of Education voted Sept. 22 to adopt a tax rate resolution and a separate tax rate approval and also approved the district's financial statements for August 2025.
District finance presenter Mister Cook summarized August revenues and expenditures for the board. He reported operating revenues of about $1.54 million for the month and local revenues of $938,978, noting that the district expects most local property-tax receipts to arrive in December and January. "You guys are gonna get tired of hearing from me tonight," Cook said while outlining the monthly figures.
Cook told the board the district received $604,612 in state revenue for August, including roughly $347,000 from the base basic formula. He said the district's classroom trust payment was about $32,000 lower than July's payment and that transportation payments are still being calculated based on last year's mileage. No federal revenues were reported for August. On expenditures, Cook reported total spending just over $5 million, representing approximately 9% of the budgeted expenses for the fiscal year so far.
Cook also presented preliminary information on the district's self-funded insurance fund. He said claims exceeded premiums in August and the fund's balance was a little over $1.2 million at month'end; he said he plans further discussion of next year's premiums in coming weeks and will provide monthly cash-flow information for that fund going forward.
Board members raised no substantive questions after the presentation and voted to accept the financial statements as presented.
The board approved the tax rate resolution and the separate tax rate approval by voice vote. No roll-call tallies were recorded in the public portion of the transcript for those motions; the chair called the motions passed after members responded "aye." The agenda and a consent agenda covering items 6.02 through 6.12 were also approved earlier in the meeting.
The board received several informational items: a special school district partnership agreement presentation (information only), a summer programming report (information only), and a calendar update noting a Unified Night Lights event on Sept. 30, an Oct. 6 board/cabinet retreat, October dates when students will not be in session, and the next business meeting on Oct. 27.
After routine business the board voted to move into a closed session to discuss personnel under the statutory reference read during the meeting; that vote was taken by roll call (see separate article on the closed session motion for roll-call details).
